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Kimber Resources Inc to proceed with subsequent acquisition transaction


Monday, 2 Dec 2013 05:47pm EST 

Kimber Resources Inc:Says it has entered into an arrangement agreement with Invecture Group, S.A. de C.V.Says Invecture has agreed to acquire all of the common shares of Kimber not already owned by Invecture or its affiliates by way of a plan of arrangement.Says Invecture acquired 62,902,631 Common Shares pursuant to its take-over bid offer dated October 10, 2013 at a price of C$0.15 in cash per Common Share.Says together with the 20,000,000 Common Shares owned by Invecture prior to the Offer and an additional 430,239 Common Shares acquired by Invecture, Invecture currently owns a total of 83,332,870 Common Shares, representing approximately 79.59% of the issued and outstanding Common Shares.Says the closing of the Arrangement is expected to take place on or about January 8, 2014.Says the Common Shares will be de-listed from the Toronto Stock Exchange and Kimber will become a wholly-owned subsidiary of Invecture. 

Company Quote

0.15
0.0050 +3.45%
13 Jan 2014